The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding 64 - Financial service activities, except insurance and pension funding
247 jobs Number of planned job creations
Announcement Date
24 March 2010
Employment effect (start)
24 March 2010
Foreseen end date
31 December 2013
Description
Deutsche Boerse, the largest European exchange organization, is to create about 247 new jobs in Prague due to the company's decision to relocate around two-third of 370 positions, particularly in Frankfurt and Luxemburg, to Prague by 2013 (see related fact sheet No 15280). The restructuring measure is part of a cost saving plan of 50 million Euro and motivated by the need to increase efficiency. The company intends to save another 100 million Euro per year up to a total 150 million Euro in 2013.
Sources
24 March 2010: Patria Online
Citation
Eurofound (2010), Deutsche Boerse, Business expansion in Czechia, factsheet number 70459, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70459.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...